IDC has named HighRadius a leader in the 2020 to 2021 Worldwide SaaS and Cloud-Enabled Accounts Receivable Applications Vendor Assessment after evaluating various vendors on the key criteria below:

  • Does the vendor have enough experience to successfully implementing financial solutions? Does the vendor have experience with my type of product, service, and company size?
  • Does the vendor understand the regulations that will impact my business? How are these regulations reflected in my current product and how will it change in the future?
  • What levels of support are available and are they geographically available for my business?
  • What is the vendor's strategic investment outlook for the next three to five years? Why? How will that change and enhance my business?
  • Is the ROI achievable? Does the vendor have a track record of meeting the ROI requirements?

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market.

Reading an
IDC MarketScape

For the purposes of this analysis, IDC divided potential key measures for success into two primary categories:
capabilities and strategies

  • Positioning on the y-axis reflects the vendor's current capabilities and menu of services and how well aligned the vendor is to customer needs.
  • Positioning on the x-axis indicates how well the vendor's future strategy aligns with what customers will require in three to five years.